Trade is an important stimulator of economic growth. The import and export depends on the overall efficiency of the country and its foreign exchange policy. Export generates foreign exchange earnings and the utilisation of imported technology leads to the overall development of the country. In the modem business world, global trade and commerce have become the order of the day. Coastal Karnataka is known as an import/export business hub for the past 300 years. It is called the "Gateway of Karnataka" with its national and international connectivity through water, air cargo and roadways and imports and exports of crude oil, iron ore, wooden logs, spices, food grains, coffee, and sea foods. The major home industries here are beedis, tiles, cashew processing units, coffee curing, and marine products. All these sectors contribute to the foreign exchange to a great extent.
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